The Central Bank of Kenya (CBK) slashed the key lending rate by the largest margin since the onset of the Covid-19 pandemic but banks are tightening their lending standards amid concerns over availability of credit. On Tuesday the CBK cut the benchmark interest rate by 75 basis points from 12.75 percent to 12 percent, after…...
Trending
- South Africa: Food prices increase by 0.2% in May
- Kenya: KenGen’s major geothermal project almost completed
- Cameroon: Nearly USD 3 billion in foreign exchange deficit over four years
- Ivory Coast and Guinea on the threshold of a new phase of their cooperation?
- Sugar: 13% decrease in turnover of Sucrivoire company in the first quarter of 2025
- The Iranian economy and tensions in the Middle East: what impacts on the energy sphere?
- Octopus Energy launches an energy fund dedicated to Africa
- Nigeria: Dangote refinery ships its first gasoline cargo to Asia
Kenya’s Central Bank cuts rate by biggest margin since the Covid-19 pandemic
A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi. © DR
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com